Hello
Is there a requirement in CARO to report about impairment Losses in Fixed assets.?
As far as i have seen there is no requirement.
Pls guide me in this issue
Ameet
(L)
(1678 Points)
Replied 30 November 2009
Clause 4(i)(A) Require full particulars regarding Fixed Assets. Impairment is the important aspect of fixed asset. YOU SHOULD CONSIDER & REPORT THE SAME.
Navneet Gupta
(Article)
(129 Points)
Replied 20 December 2009
impairment loss need not be reported in CARO.
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